Zeus Capital acts on behalf of Likewise Group plc (LIKE) on its £12m IPO on The International Stock Exchange

Fact File

Date:

11 Jan 2019

Sector:

Household Goods & Home Construction

Type:

IPO

Value:

£7m

Placing Size:

£7m

Market Cap at Admission:

£12m

Zeus Capital acted as Financial Adviser to Likewise Group plc (Ticker: LIKE ) on its £12m IPO on The International Stock Exchange

Zeus Capital acted as Financial Adviser to Likewise Group plc (“Likewise”) in connection with its admission to trading on The International Stock Exchange and associated £7.0 million subscription.

Likewise is a distributor of floorcoverings and matting and is led by CEO Tony Brewer, the former CEO of Headlam Group plc for 16 years, and has the opportunity to consolidate the domestic and commercial floorcovering markets to develop an alternative to larger industry competitors.

Likewise admitted to trading on 11 January 2019 with a market capitalisation (based on the issue price of 10 pence) of £12.0 million. Further information can be found here.

Likewise has raised net proceeds of approximately £6.5 million. These proceeds will be used for acquisitions and to provide general working capital for growth. Likewise intends to utilise the expertise and industry knowledge of its plc, executive and advisory boards to deliver organic growth, operational leverage and, where desirable, execute strategic acquisitions.

Zeus Capital is one of the leading advisers to small and mid-cap listed companies by IPO funds raised. In 2018, Zeus Capital has acted on IPOs and secondary transactions for 12 listed companies: those transactions were valued at over £700m for companies listed on both the LSE Main Market and AIM.

This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Zeus Capital Ltd is authorised and regulated by the Financial Conduct Authority; approved as a Nominated Adviser and Broker by the AIM Market of the London Stock Exchange. Registered in England and Wales No: 4417845